JPMorgan Chase & Co. boosted its stake in Xura Inc. (NASDAQ:MESG) by 830,790.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,487 shares of the company’s stock after buying an additional 174,466 shares during the period. JPMorgan Chase & Co. owned about 0.70% of Xura worth $4,263,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. AXA raised its stake in shares of Xura by 300.9% in the first quarter. AXA now owns 35,120 shares of the company’s stock valued at $691,000 after buying an additional 26,359 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Xura by 4.0% in the first quarter. Wellington Management Group LLP now owns 2,556,711 shares of the company’s stock valued at $50,291,000 after buying an additional 97,214 shares during the last quarter. Steinberg Asset Management LLC raised its stake in shares of Xura by 16.0% in the first quarter. Steinberg Asset Management LLC now owns 282,090 shares of the company’s stock valued at $5,549,000 after buying an additional 38,835 shares during the last quarter. Barclays PLC purchased a new stake in shares of Xura during the first quarter valued at approximately $548,000. Finally, Sphinx Trading LP purchased a new stake in shares of Xura during the second quarter valued at approximately $122,000.
Xura Inc. (NASDAQ:MESG) remained flat at $25.00 during mid-day trading on Friday. The company has a 50 day moving average of $24.77 and a 200 day moving average of $22.24. Xura Inc. has a 52-week low of $17.51 and a 52-week high of $26.63.
Several analysts recently commented on MESG shares. Craig Hallum lowered Xura from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Zacks Investment Research raised Xura from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, July 22nd. Finally, B. Riley reissued a “neutral” rating and set a $25.00 price target on shares of Xura in a report on Monday, August 22nd.
Xura Company Profile
Xura, Inc, formerly Comverse, Inc, is a provider of digital communications solutions for communication service providers (CSPs), enterprises and application providers. The Company offers digital communications solutions to create monetizable services with both existing and emerging technologies, such as voice over long-term evolution (VoLTE), rich communication services (RCS) credit orchestration and Internet protocol (IP) messaging and Web real-time communications (WebRTC).
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